A wall of text would do you guys and gals no good.. so let's jump to business!
1) Higher lows on short-term and longer-term time-frames.
2) Big triangle consolidation on 4H chart marked with arrows on highs and lows.
3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break above this rate would allow significant upside to the high 40k's and low 50k's which will be covered once relevant.
4) Critical support levels stand at: 40,000 and 38,500 - A drop below would allow 35,000 weekly support to be tested.
**The rockets represent:
-Green one is a break above 43,300 which would allow immediate rally
-Red one is a break below 38,500 which would allow immediate flash crash to 35,000.
**Fundamentals are strong for Bitcoin as inflation continues to surge, Russia is now implementing cryptocurrency is an official form of payment, Biden is looking to regulate crypto-currency, etc,etc..
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Thank you!!
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1) Higher lows on short-term and longer-term time-frames.
2) Big triangle consolidation on 4H chart marked with arrows on highs and lows.
3) Around current rates (41,600) is an important resistance (triangle consolidation top) - Once surpassed, the next level is (43,300) - A break above this rate would allow significant upside to the high 40k's and low 50k's which will be covered once relevant.
4) Critical support levels stand at: 40,000 and 38,500 - A drop below would allow 35,000 weekly support to be tested.
**The rockets represent:
-Green one is a break above 43,300 which would allow immediate rally
-Red one is a break below 38,500 which would allow immediate flash crash to 35,000.
**Fundamentals are strong for Bitcoin as inflation continues to surge, Russia is now implementing cryptocurrency is an official form of payment, Biden is looking to regulate crypto-currency, etc,etc..
------------------------------------------------------------------------------------------------
If you liked my analysis, please follow and like :D I would truly greatly appreciate it.
If you have any questions, please ask me and I promise to answer in detail if necessary.
My target is to benefit as many traders as possible.
Thank you!!
-------------------------------------------------------------------------------------------------
Not
Looks like BTC is testing and may be breaking the 41,600 level with a 4h candle close! That could mean a quick close to $2k jump to the low 43k's!
Who's trading it? :D
İşlem kapandı: hedefe ulaştı
38,500 support target is reached!Since it was reached, we are back to 40,600 - Aggressive reversal from the support as expected is now taking place.
A close above 41,600 and 42,800 is necessary for further continuation up.
Interesting to follow :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.